PhD

Economists at the Federal Reserve Bank of New York analyze and contribute to monetary policy, banking supervision, payments systems and financial markets issues.
Recruiting
The Federal Reserve Bank of New York recruits both new PhDs and experienced research economists for positions in its Research and Statistics Group.
Economist Opportunities

Our 2014-15 recruiting season is now closed. Please revisit this site in September, 2015.

PhD Summer Internship Opportunities

Each year, the Research and Statistics Group of the Federal Reserve Bank of New York seeks qualified candidates for three summer internship positions. PhD students in all fields of economics and finance who are completing their dissertation work are welcome to apply.

The program, begun in the summer of 2006, is designed to provide students with the opportunity to participate in the intellectual life of the Research Group. Throughout the internship, the student's time will be dedicated to furthering their dissertation research, interacting with research economists, and obtaining feedback on their work. Students will be expected to present research, in an informal setting, at the beginning and end of the internship.

The interns are hosted for a period of eight weeks during June through August, and will receive compensation for the period in which they work in the program. Please note that all program participants must be authorized to work in the U.S. If you are not currently authorized to work in the U.S., you must make arrangements with your school to obtain the necessary practical training permissions to be able to participate in the program.

Applications can be sent to research_phdintern@ny.frb.org . In the subject line, applicants should specify a primary and secondary field (if needed) from the following: Microeconomics, Macro and Monetary Economics, International Finance and Trade, Financial Markets and Intermediation, or Asset Pricing and Market Microstructure. They should include:

  • a CV
  • their dissertation proposal
  • any research papers (if available, including current work)
  • a copy of the graduate transcript (unofficial scanned copy is acceptable)
  • exactly one letter of reference from an advisor (sent by the advisor to the above e-mail address)
For further details on the application process for Summer 2015, please check back soon.

Questions can be directed to research_phdintern@ny.frb.org.
Your Career at the Fed
Our economists engage in research relating to a wide range of topics. We provide ample time, resources, and a collegial environment to pursue independent research. Publication in top academic journals is encouraged and rewarded. Economists have benefited from rich synergies between work done on projects for the Bank and their independent research. In addition, an active seminar schedule and visitor program provides economists the opportunity to interact with distinguished academics and central bankers.

Our emphasis on independent research is borne out by a strong publication record and high visibility in the research and policy communities.

Read more about our current research:
The Research Group »
Research Publications
The Bank's Economic Policy Review and Current Issues in Economics and Finance provide researchers effective vehicles for reaching a wide audience. The Staff Reports working paper series highlights basic research aimed at top professional journals.
View all Research Publications »